Law of diminishing marginal utility

Assignment Help Business Management
Reference no: EM132203073

An important law in economics is the "Law of Diminishing Marginal Utility." what this law is, and provide an example of diminishing marginal utility you've encountered recently.

Reference no: EM132203073

Questions Cloud

Understanding of economic policies and principles : How will you stay up to date in your personal understanding of economic policies and principles?
Calculate the unemployment rate with the data : Calculate the unemployment rate with the data given above. Round the percent to te nearest tenth.
Structural unemployment and cyclical unemployment : Define and explain the following: frictional unemployment, structural unemployment and cyclical unemployment?
Animal liberation and environmental ethics : Article Review - Animal Liberation and Environmental Ethics: Bad Marriage, Quick Divorce by Mark Sagoff
Law of diminishing marginal utility : An important law in economics is the "Law of Diminishing Marginal Utility." what this law is, and provide an example of diminishing marginal utility
Negative effect on the nation economy : Does current spending on the military have a negative effect on the nation's economy?
Effect on the nation economy : Does current government spending have a negative effect on the nation's economy, or does it contribute to the nation's output in some way?
Departure from america historical approach to foreign policy : Do you agree that the doctrine of preemptive war was consistent with America's relationship with the world or do you consider it to be a departure from America
Research paper for biological psychology : Illegal substances and prescription drugs are fine though. If you are unsure whether the drug you are choosing is appropriate, please ask me to double cheek

Reviews

Write a Review

Business Management Questions & Answers

  What is the internal rate of return

Suppose an investment project costs $1000 and generates a profit stream of $100 per year and lasts forever. What is the internal rate of return?

  Firms participating in strategic alliances

What benefits may accrue to firms participating in strategic alliances? What are the potential limitations and pitfalls?

  Pick any two of the longer articles in the magazine

Pick any two of the longer articles in the magazine. Skim through them. Elucidate how many pages were you brought to as you read both of the articles.

  Number of warehouses closer to the end customer

Consider a firm redesigning its logistics network. What are the advantages to having a small number of centrally located warehouses. What are the advantages to having a larger number of warehouses closer to the end customer?

  Assume that leather garments are a normal good

If the government places a price ceiling on leather garments that is below the equilibrium price, what will occur in the market for leather garments?

  What are some examples of external forces

1) What are the two types of forces that involved in forcing change? 2) What are some examples of External Forces?

  Describe in detail some of the aspects of dns related

Describe in detail some of the aspects of DNS related to windows server 2016 including zones, records, commands, etc. explain how DNS is installed

  Solow-swan growth framework

Explain the intuition behind your answer using the Solow-Swan growth framework.

  Compare and contrast roles and relationships of leadership

Compare and contrast the roles and relationships of leadership, management, teamwork, and motivation within an organization. How does ethics figure into the roles and relationships of leadership and business management?

  Consider the characteristics of information

Consider the characteristics of information (such as accuracy, timeliness, completeness, and relevancy) that are important to organizations.

  Integration of the three pillars presentation

Explain the strategies and tactics you would employ as part of the plan and Define the role of management and employees in the sustainability plan

  Analyzing effectiveness of greenhaven university

At Greenhaven University, some people feel that athletics is overly emphasized, and others feel that it is under emphasized.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd